Valeant under criminal investigation - WSJ

(Reuters) - U.S. federal prosecutors are investigating whether drugmaker Valeant Pharmaceuticals International Inc defrauded insurers by hiding a relationship with pharmacy Philidor that boosted sales of its drugs, the Wall Street Journal reported, citing people familiar with the matter. Valeant's U.S. listed shares were down 12.2 percent at $24 in extended trading on Wednesday. Lawyers in the U.S. attorney's office in Manhattan are pursuing a theory that Valeant and Philidor Rx Services LLC all